PQ Group (NYSE:PQG) had its price target dropped by investment analysts at KeyCorp from $21.00 to $19.00 in a report released on Thursday. The firm currently has an “overweight” rating on the stock. KeyCorp’s target price points to a potential upside of 26.16% from the stock’s current price.
PQG has been the subject of a number of other research reports. Nomura increased their target price on shares of PQ Group from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Friday, August 10th. Zacks Investment Research upgraded shares of PQ Group from a “sell” rating to a “hold” rating in a research report on Tuesday. JPMorgan Chase & Co. lowered shares of PQ Group from an “overweight” rating to a “neutral” rating in a research report on Friday, August 10th. Citigroup increased their target price on shares of PQ Group from $18.00 to $22.00 and gave the company a “buy” rating in a research report on Wednesday, July 11th. Finally, Credit Suisse Group increased their target price on shares of PQ Group from $21.00 to $22.00 and gave the company an “outperform” rating in a research report on Friday, August 10th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $20.29.
Shares of PQG stock traded down $0.30 during trading hours on Thursday, reaching $15.06. The stock had a trading volume of 2,115,520 shares, compared to its average volume of 153,453. The company has a quick ratio of 1.23, a current ratio of 2.23 and a debt-to-equity ratio of 1.34. PQ Group has a twelve month low of $12.88 and a twelve month high of $18.69. The stock has a market cap of $2.18 billion, a PE ratio of 32.74 and a beta of 1.04.
PQ Group (NYSE:PQG) last released its quarterly earnings data on Tuesday, November 6th. The company reported $0.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.01. PQ Group had a net margin of 6.00% and a return on equity of 6.98%. The business had revenue of $427.20 million for the quarter, compared to analysts’ expectations of $413.13 million. During the same quarter last year, the company earned $0.11 EPS. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. Equities analysts forecast that PQ Group will post 0.86 EPS for the current fiscal year.
In related news, insider Paul Ferrall sold 24,592 shares of the stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $17.84, for a total value of $438,721.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 86,959 shares of company stock valued at $1,553,715 in the last quarter. 3.30% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. grew its position in PQ Group by 8.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,595,705 shares of the company’s stock valued at $97,758,000 after buying an additional 414,930 shares in the last quarter. Boston Partners boosted its position in shares of PQ Group by 2.3% during the 2nd quarter. Boston Partners now owns 3,035,193 shares of the company’s stock valued at $54,634,000 after purchasing an additional 67,320 shares in the last quarter. BlackRock Inc. boosted its position in shares of PQ Group by 8.4% during the 3rd quarter. BlackRock Inc. now owns 2,436,560 shares of the company’s stock valued at $42,567,000 after purchasing an additional 188,543 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of PQ Group by 6.5% during the 3rd quarter. Wells Fargo & Company MN now owns 1,783,015 shares of the company’s stock valued at $31,149,000 after purchasing an additional 109,294 shares in the last quarter. Finally, Emerald Advisers Inc. PA boosted its position in shares of PQ Group by 1.6% during the 2nd quarter. Emerald Advisers Inc. PA now owns 1,228,203 shares of the company’s stock valued at $22,108,000 after purchasing an additional 19,685 shares in the last quarter. Hedge funds and other institutional investors own 69.26% of the company’s stock.
About PQ Group
PQ Group Holdings Inc provides catalysts, specialty materials and chemicals, and services in the United States, the Netherlands, the United Kingdom, and internationally. The company operates in two segments, Environmental Catalysts and Services; and Performance Materials and Chemicals. It primarily offers refinery catalysts, emissions control catalysts, and catalyst recycling services for fuels and emission controls use; silica gels for edible oil and beer clarification; precipitated silicas and zeolites for the surface coating, dentifrice, and dishwasher and laundry detergent applications; reflective markings for roadways and airports; and hollow glass beads or microspheres for cement additive, metal finishing, and oil well cement uses.
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